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Rights of First Refusal

By IncNow | Published October 19, 2013

The preemptive right given by an owner to a lessee that enables the lessee to have the first opportunity to buy the property (should the owner decide to sell it). The owner must give a legitimate offer, which the lessee can either accept or refuse.

When deciding where to form your company, consider that Delaware has advantages over your home state that may benefit you. Go